- Fantom’s new mainnet improve comes with a number of new options
- Distinctive addresses and income have elevated, however just a few metrics stay bearish
Fantom [FTM] not too long ago launched a brand new mainnet improve named go-opera model 1.1.2-rc.5 which brings just a few new options. For example, the most recent improve comes with enhancements in batched Genesis block processing, configurable DB administration, parallel EVM log search, and optimizations within the P2P protocol.
A brand new improve for the #Fantom mainnet is prepared!✨
Inside assessments spotlight:
• P2P + block processing occasions considerably lowered, leading to ~30% enchancment
• Genesis file processing is as much as 3x quicker
• Looking logs now 5x quickerFull particulars➡️ https://t.co/28PP4AjzZ7 pic.twitter.com/5snRnnz6go
— Fantom Basis (@FantomFDN) March 6, 2023
Learn Fantom’s [FTM] Worth Prediction 2023-24
And the brand new options are…
Fantom talked about within the official announcement that the mainnet improve will enhance Genesis file processing by thrice, aside from archive Genesis recordsdata. Looking logs has turn into 5 occasions quicker and every log search ought to take only one/5 of the time it took beforehand. Along with that, block processing time has elevated by about 30% on account of main enhancements in P2P and block processing.
Fantom’s well being appears to be enhancing
Whereas the brand new improve was being launched, DeFiLlama’s data revealed that Fantom’s declining complete worth locked (TVL) registered a slight uptick- An optimistic improvement for the community. Not solely that, however the variety of distinctive addresses on Fantom additionally skyrocketed over the previous few weeks and reached almost 45 million.
👀 Let’s get to know the on-chain month-to-month recap of @FantomFDN 👇
The beneath image illustrates:
👉 Social Metrics
👉 Key Metrics
👉 Distinctive Addresses Chart 🚀5.62%#Fantom $FTM #FTM pic.twitter.com/Xcjz4Cfgcq— Fantom Insider (@fantom_insider) March 6, 2023
Fantom Insider’s month-to-month recap highlighted a hike of 33% in each charges and income, suggesting higher utilization of the community. Nevertheless, although the variety of distinctive addresses went up, FTM’s day by day energetic addresses declined steadily during the last 30 days.
Life like or not, right here’s FTM market cap in BTC‘s phrases
FTM prepared for a value pump?
Whereas many of the cryptos had been affected by the continuing bearish sentiment available in the market, FTM, alternatively, reacted in a different way. Fantom’s value appreciated by over 6% within the final 24 hours, and at press time, it was buying and selling at $0.4213.
The potential for this surge persevering with was excessive as CryptoQuant revealed that FTM’s stochastic was in an oversold place – A bullish indicator. One other bullish sign was FTM’s MVRV Ratio, which confirmed indicators of restoration by rising barely over the previous couple of days.
Right here, it’s attention-grabbing to notice that FTM accumulation additionally rose over the course of the month as provide held by prime addresses shot up.
Nevertheless, a better look revealed a bearish state of affairs. Santiment’s chart steered that FTM’s provide outdoors exchanges registered a decline, whereas the provision on exchanges elevated, one thing that’s sometimes bearish.